Maersk Unveils Maersk Decom, Its New Oil Rig Decommissioning Unit

A.P. Moller - Maersk’s new oil rig decommissioning unit had its name unveiled last week along with confirmation that its senior management team is now in place. The new company, named Maersk Decom, was established in April 2018 as a 50-50 joint venture between Maersk units Maersk Drilling and Maersk Supply Service. The joint venture will initially offer bundled … [Read more...]

New Oil and Gas Decommissioning Consortium Launched

Lloyd’s Register (LR), WorleyParsons, and Ardent have teamed up to launch a new consortium targeting the global oil and gas decommissioning market. The consortium includes leading experts that will cover all aspects of decommissioning, from late-life management to planning, readiness for removal, execution, waste management and monitoring post removal. “This consortium … [Read more...]

Maersk Units Form New Offshore Decommissioning Company

Maersk Drilling and Maersk Supply Service have announced a joint venture that will provide decommissioning services to offshore oil and gas operators. The 50-50 joint venture will initially offer bundled solutions for up to 80% of the process required in decommissioning an oil field, the two companies said in a press release. In addition to project management, the bundled … [Read more...]

Heerema Wins Major Offshore Decommissioning Project in North Sea

Netherlands-based Heerema Marine Contractors (HMC) says it has received notice from ConocoPhillips about its intention to enter into a contract for a major offshore decommissioning project in the North Sea. Under the contract Heerema Marine Contractors and its partner AF Gruppen will remove and dispose of platforms connected to the Ekofisk field in the North Sea. The … [Read more...]

Oil Majors Seeking Norway Exit Warned Shutdown Costs May Remain

By Mikael Holter (Bloomberg) -- As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for billion of dollars in costs to close down dried up oilfields if they aren’t careful to whom they sell. For each future transaction, Norway’s Petroleum and Energy Ministry will assess whether to make companies liable for the … [Read more...]